Latest News on private equity markets

Citigroup Inc has hired a slew of senior bankers from rivals as it looks to bolster its investment bank, the bank said on Friday.

The U.S. Federal Aviation Administration (FAA) issued an emergency order on Thursday prohibiting U.S. air carriers from flying in Iran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions.

Policymakers have to shift down their future interest rate expectations because of growing risks to the U.S. economy, a Federal Reserve official said on Friday in remarks that reinforce expectations that the central bank could cut rates soon.

The S&P 500 hit a new all-time high on Friday, as U.S. Vice President Mike Pence's decision to defer a planned speech on China policy rekindled optimism over trade talks between the world's two largest economies.

The Givling app has attracted a large and loyal following of borrowers hoping for relief from decades of monthly loan payments. It might be making their situations worse.

Power producer PG&E Corp will propose a $31 billion bankruptcy restructuring plan that will include two funds worth a total of $34 billion to cover past and future wildfire claims, Bloomberg reported https://twitter.com/scottdeveau/status/1142117995680030720 on Friday.

The S&P 500 touched a record high for the second straight session on Friday as hopes of trade talks between Washington and Beijing were lifted by U.S. Vice President Mike Pence's decision to defer a planned speech on China policy.

Cryptocurrency firms will be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering, a global watchdog said on Friday, the first worldwide regulatory attempt to constrain the rapidly growing sector.

Oil prices built on recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows from the Middle East, while a gauge of global stock markets hovered near seven-week highs following a run spurred by optimism over monetary policy.

U.S. Federal Reserve officials were divided Friday over how seriously to treat a slide in inflation, with one top policymaker saying the Fed was "close" to its inflation target and three others warning the weak price increases posed major risks the Fed may need to attack with lower interest rates.

U.S. manufacturing activity barely grew in early June and the service sector cooled, signs that President Donald Trump's trade war with China could be weighing on the economy.

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Wall Street was little changed on Friday, as U.S. Vice President Mike Pence's decision to defer a speech on China policy increased optimism on upcoming trade talks between Washington and Beijing, though tensions between the United States and Iran undercut sentiment.

Trading volume soared to 1,293,459 million contracts Wednesday, the same day the Fed kept its benchmark interest rate steady.

Four more U.S. states joined an unusual effort by state attorneys general to stop T-Mobile US Inc's acquisition of Sprint Corp, a New York official said at a court hearing on Friday.